StanChart boss pay slashed 29% CEO Bill Winters’ pay packet has been reduced to £3.8m The CEO of Standard Chartered has seen his pay packet slashed by 29% with the bank reporting heavy profit falls due to the fallout from Covid-19. This means chief Bill Winters’ pay packet for the year has fallen to £3.8m, […]
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San Francisco votes to rein in CEO pay San Francisco citizens have voted overwhelmingly for a new tax on highly paid CEOs. By a margin of 65-35, they voted to approve a ballot measure to increase taxes on corporations with extreme gaps between CEO and worker pay. Under the new law, any company whose top […]
Read MoreRemuneration Committees are struggling to maintain their independence from their CEOs and are adopting increasingly expensive, short-term reward strategies according to the latest Manifest and MM&K Total Remuneration Survey. The Executive Director Total Remuneration Survey 2011 examines the latest crop of remuneration reports of UK companies finding little link between remuneration, performance and shareholder value. Although the […]
Read More$1 Salary Still Adds up to Millions for Ellison at Oracle Despite voluntarily slashing his own salary to $1 last year, Oracle’s founder and CEO Larry Ellison remains one of the highest paid executives in corporate America. Based on estimates from ProxyGovernance Inc (PGI), Ellison’s fiscal 2010 compensation topped $66 million, with all but $8 million […]
Read MoreChanges in the Executive Suite Lead to Expensive Consulting Deals Widely seen by analysts as one of the weaker performers in the U.S. meat sector, Tyson Foods, Inc. has its third CEO in as many years. In early 2009, Richard Bond quit after less than three years on the job, and was replaced by former […]
Read MoreThe top five executives at the 20 US banks that have accepted the most bailout support averaged $32 million each in personal compensation in the period 2006 -2008, according to a new study published by the Washington-DC based Institute for Policy Studies. At the same time more that 160,000 employees have lost their jobs. In 2008, the […]
Read MoreFrom the self-styled “Wall Street Tabloid” DealBreaker ….in the face of mounting losses and some very poor risk management very few corporate heads have actually been tossed by shareholders. Government, of course, has been more “effective” in this regard. Still, of the vanishingly small pool of shareholder executed CEO defenestrations CEO pay has played a […]
Read MoreThe chief executives of the country’s largest public companies saw their pay rise by more than a third last year, far faster than most wages across the nat-ion, according to a report. The CEOs of Britain’s 30 richest companies – those with a market value of more than £10bn – received pay rises of 33 […]
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